Goodmoneyman

06/05/2024

The Berkshire AGM -

Here are 30 key takeaways

1. Big tribute to Charlie Munger. The entire 30-minute starting video is about Charlie. It’s amazing what he has done for the investment community

2.⁠ ⁠Berkshire Hathaway trims its stake in Apple by 13%

3.⁠ ⁠Insurance is still an excellent business. Ajit is doing an amazing job

4.⁠ ⁠Q1 was good for Berkshire Hathaway. The company keeps compounding at attractive rates

5.⁠ ⁠Every time you see the word EBITDA, you should replace it with bullsh*t earnings.

6.⁠ ⁠Berkshire earned more than $100 million per day in 2023.

7.⁠ ⁠Succesful investing is all about having a few very big winners.

8.⁠ ⁠The power of compounding is the most underrated power in the world.

9.⁠ ⁠Berkshire Hathaway will keep buying back shares in the years to come.

10.⁠ ⁠Don’t check stock prices daily.

11.⁠ ⁠Coca-Cola and American Express will probably never be sold.

12.⁠ ⁠Apple will (probably) remain the largest position of Berkshire Hathaway in the years to come.

13.⁠ ⁠Always look at a stock like a business.

14.⁠ ⁠Don’t try to time the market.

15.⁠ ⁠The market is there to serve you. Use it to your advantage.

16.⁠ ⁠The Intelligent Investor by Benjamin Graham is the best investment book ever.

17.⁠ ⁠Higher taxes are quite likely in the future according to Buffett.

18.⁠ ⁠Berkshire Hathaway‘s primary investments will always be in the United States.

19.⁠ ⁠Anyone who says size doesn’t hurt performance is selling.

20.⁠ ⁠Charlie’s two best ideas were probably BYD and Costco.

21.⁠ ⁠Buffett feels extremely good about his exposure to Japan.

22.⁠ ⁠The best time to sell a wonderful company is (almost) never.

23.⁠ ⁠“I don’t know anything about Artificial Intelligence.” - Warren Buffett

24.⁠ ⁠Geico is still an amazing business. The company is making progress in its data analytics.

25.⁠ ⁠Geico has lower costs than virtually any insurance company.

26.⁠ ⁠“Charlie was the best Partner I could have ever imagined.” - Warren Buffett

27.⁠ ⁠Always surround yourself with people you look up to and trust.

28.⁠ ⁠“During our entire partnership, Charlie never lied to me even once.” - Warren Buffett

29.⁠ ⁠If there would be no risk there would be no insurance business. Insurance is still a very attractive business despite climate risk.

30.⁠ ⁠Never bet against America.

17/04/2024

Wishing you a Happy Ram Navami, filled with love, laughter, success, and being together! 💞

20/01/2024

Jai ho! 🙏🏻

02/01/2024

“May the New Year bring you abundant joy, peace, and prosperity”

10/11/2023

Dhanteras ki Subhkamnaye! 🎉

18/09/2023

May your skills be a sharp as the tools you use.

Happy Vishwakarma Puja !

12/09/2023

The AUM of the Indian MF Industry has grown from ₹ 8.11 trillion as on June 30, 2013 to ₹44.39 trillion as on June 30, 2023 more than 5 fold increase in a span of 10 years.

The MF Industry’s AUM has grown from ₹ 22.86 trillion as on June 30, 2018 to ₹44.39 trillion as on June 30, 2023, around 2 fold increase in a span of 5 years.

The total number of accounts (or folios as per mutual fund parlance) as on June 30, 2023 stood at 14.91 crore (149.1 million), while the number of folios under Equity, Hybrid and Solution Oriented Schemes, wherein the maximum investment is from retail segment stood at about 11.91 crore (119.1 million).
https://www.bqprime.com/bq-brand-studio/the-great-indian-growth-story-invest-in-it-grow-with-it

Mutual funds are an excellent medium for investing in India’s economic growth and growing your wealth alongside

10/09/2023

"Breaking the mold! 💡 Age is just a number when it comes to financial wisdom. Starting to save early sets the stage for a brighter future. Let's prove that the future belongs to those who dare to dream and save young! 🚀💰"

08/09/2023

"India can look up to Japan?

The economic performance of Japan in the 1970s offers valuable guidance for India rather than relying solely on the happenings in the US. While the US dollar's influence is significant globally, other economic factors come into play.

In the 1970s, the American markets provided zero percent returns due to various reasons, including the removal of the dollar from the gold standard by Richard Nixon in 1971. Additionally, geopolitical conflicts and political crises caused oil prices to surge, with the price of oil increasing over tenfold throughout the decade.

In contrast, Japan managed to stabilise its economy despite facing higher oil prices than the US. Japan's economic miracle began in the mid-1950s, with remarkable growth rates of 9-10% in the 1960s.

The country successfully navigated the oil shock of the 1970s by pivoting its economy away from heavy industries towards light industries such as electronics and automobiles.
Japan's ability to reduce its dependency on oil and its successful economic diversification contributed to its sustained growth during the period.

India, with its service-heavy economy, can draw parallels from Japan's experience. Services constitute around 50% of India's GDP, with the financial industry representing a significant portion of the stock market. India's financialization of historical wealth and its growing role as a service exporter position it for significant growth.

The country's service market is expected to expand as it fills the labour gap in the Western world, which is currently facing a rampant labour shortage.

In summary, India can look to Japan's economic trajectory in the 1970s as a guide for its own development. India's emphasis on services, particularly in the financial industry combined with its potential to meet the labour demands of the Western world, presents opportunities for substantial growth and the emergence as a major player in the global service market.

06/09/2023

Mark Zuckerberg, the co-founder and CEO of Facebook, took out a mortgage to finance his Palo Alto home. Despite having significant personal wealth, he opted for a mortgage due to favorable interest rates and the ability to keep his cash invested in other ventures.

Zuckerberg's choice to take out a mortgage for his Palo Alto home showcases a strategic financial approach. By capitalizing on favorable interest rates, retaining liquidity for other investments, considering opportunity costs, and potentially benefiting from tax advantages, he can optimize his financial position and make the most of his wealth. It highlights how even individuals with significant personal wealth can leverage borrowing strategies to their advantage.
https://www.fool.com/the-ascent/mortgages/articles/why-did-mark-zuckerberg-get-a-mortgage-on-his-home/

Mark Zuckerberg took out a mortgage to buy his home, despite being able to afford to pay cash. There's a simple reason why.

03/09/2023

If these women can, so can the rest of India!

These people realised that ‘TIME IS MONEY’ and realised their SMART goals!

Financial decisions and skills are beyond formal education, degrees and upbringing! Let’s become aware decision makers.

Taking India from a country of savers to a country of investors.

https://www.youtube.com/watch?v=PlYsJsYOjr4

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There are people who take nothing for granted, who work hard, think smart, and know the value of money. With their time-tested practical wisdom, uncompromise...

01/09/2023

"You and I invest in our goals and aspirations.
You and I invest in mutual funds.
You and I invest in the Indian growth story.

You and I believe in India.
The world believes in India.

At GMM, we strongly believe in India's decade and India's century!

Let's dream and invest together.

In the forthcoming posts, we will share about India's growth stories and Indian investing stories for you. "

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